TaxAdministrationHMRC behind almost half of wind-up petitions

HMRC behind almost half of wind-up petitions

HMRC shows business little leniency according to accounting firm

HMRC building

The taxman has been accused of pushing businesses into collapse, after a
survey revealed authorities were behind almost half of wind-up petitions,
The
Guardian reports
.

HM Revenue & Customs lodged 43% of petitions, according to accountants
UHY Hacker Young, which said HMRC’s priority remains “to maximise debt
recovery”.

“If this is HMRC in ‘soft touch’ mode, businesses will be concerned about
Revenue & Customs turning the screw after the election… Company directors
who can’t come to a workable agreement with the taxman or who break the terms of
an agreement, will find that HMRC will be very quick to push the button on their
business,” said Nick Hancock, a partner at UHY Hacker Young.

Read the full story:
Taxman
quickest to wind up firms

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